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“Finance” is a broad term that describes two interrelated activities: learning how to manage money and the process of acquiring the necessary resources. As individuals, businesses and government organizations in need of funding to work in the field is often divided into three sub-categories: personal finance, corporate finance and public finance.

Funds asking each financial institution (bank, credit union, finance company) or any other person to give you the money that you promise to pay at some point in the future. In other words, when you buy a car, if you do not have all the cash for it, the dealer will look for a bank that will finance it for you. If approved, the bank will pay the car dealer the money for the car, then they will send you a bill every month. The bank will give you money if you agree to pay interest on the money allocated to you. In other words, the financing of borrowing money with a promise to return the money and some extra fees or interest for a specified period of time.

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